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Sunrise Energy Metals Ltd SREMF

Sunrise Energy Metals Limited is an Australia-based company engaged in the development of its Sunrise Battery Materials Complex (Sunrise Project) in New South Wales (NSW). The Sunrise Project is a supplier of battery raw materials and aluminum-scandium alloys. It is utilizing its Clean-iX resin technology for extraction and purification of a range of metals and progressing exploration activities at its other mineral tenements. Its Clean-iX Continuous Resin-In-Column is a continuous counter-current process that extracts metals from clarified leach solutions. Its Clean-iX Continuous Resin-In-Pulp is a continuous countercurrent process that directly extracts metals from leached pulps. It is advancing activities across its range of exploration assets in NSW. Its limestone exploration includes Hunters (EL9627), EL8883 Meloola and EL8833 Boona Gap, Gleninga South (EL9598) and Gleninga (EL8882). It also focused on rare earth elements exploration, which includes Minore (EL9031 and EL8961).


OTCQX:SREMF - Post by User

Bullboard Posts
Post by MisterBon Mar 02, 2011 1:09pm
543 Views
Post# 18219852

Impartial Opinion

Impartial OpinionI have never been invested in CLQ, but have watched from a distance for some time.  I feel bad for those subject to, what I would call, an over-reaction.  I am considering getting in towards the end of the week or next as I do think this will sink further. That said, I also think a rebound will be forthcoming after the report comes out.

My thoughts:
-Major investment by institutions at $1.50 and only after heavy DD.
-Market cap is reflective of current "cash on hand" - Screams buy after the emotional panic is done
-Management requesting external, impartial review of resources suggests integrity, but also that even if resources change materially, it may only be a couple/few years off the LOM.  It isn't likely to be a deal breaker.

That said, this is tough to watch even for outsiders as it reminds us how things can change in a minute.  I do think this will come back but with slightly reduced resources.  Worst case, it trades for cash value, which should be a bottom.  I don't see this maintaining "worst case" in the medium and long term though.  Emotion rules the day, and emotion and $$ don't mix - so I think I'll be taking a dip at the expense of emotional traders.

B
Bullboard Posts